Section contains:

1. Introduction [2]

2. Structure of PZU Group [3]

3. The shareholding structure [4]

4. Composition of the Management Board, Supervisory Board and Directors in the Group [5]

5. Summary of significant accounting policies [6]

6. Key estimates and judgments [7]

7. Segment reporting [8]

8. Risk management [9]

9. Capital management [10]

10. Fair value [11]

11. Gross written premiums [12]

12. Revenue from commissions and fees [13]

13. Net investment income [14]

14. Net result on realization and impairment losses on investments [15]

15. Net change in the fair value of assets and liabilities measured at fair value [16]

16. Other operating income [17]

17. Insurance claims and change in technical provisions [18]

18. Interest expense [19]

19. Acquisition expenses [20]

20. Administrative expenses [21]

21. Employee expenses [22]

22. Other operating expenses [23]

23. Income tax [24]

24. Earnings per share [25]

25. Income tax presented in other comprehensive income [26]

26. Goodwill [27]

27. Intangible assets [28]

28. Other assets [29]

29. Deferred acquisition costs [30]

30. Estimated subrogations and salvages [31]

31. Reinsurers’ share in technical provisions [32]

32. Tangible assets [33]

33. Investment property [34]

34. Entities measured using the equity method [35]

35. Financial assets [36]

36. Impairment of financial assets and receivables [37]

37. Change in deferred tax assets [38]

38. Receivables, including insurance receivables [39]

39. Current income tax receivables [40]

40. Cash and cash equivalents [41]

41. Assets held for sale [42]

42. Issued share capital and other equity attributable to the owners of the parent entity [43]

43. Technical provisions [44]

44. Provisions for employee benefits [45]

45. Other provisions [46]

46. Deferred tax liabilities [47]

47. Financial liabilities [48]

48. Other liabilities [49]

49. Current income tax liabilities [50]

50. Notes to other inflows and outflows from operating activities [51]

51. Assets recognized as collateral of receivables, liabilities and contingent liabilities [52]

52. Contingent assets and liabilities [53]

53. Litigation claims [54]

54. Related party transactions [55]

55. Employment [56]

56. Other information [57]